Technical Analysis 4/05/2010 of FXCBS
Tuesday May 4 , 2010
Previous session overview
The euro dollar pair is consolidating in a narrow range in the Asian
session between the 1.32200 levels and 1.31718 levels recording a high
of 1.32135 and a low of 1.31718.
Regarding the pound dollar pair, it rose slightly in the Asian session
recording a high of 1.52647 and a low of 1.52124, having the royal
currency trading around 1.52205.
Finally, the dollar continued to gain against the Japanese yen
recording a high of 94.982 and a low of 94.525, while the pair is
currently trading around 94.873.
Market Expectations
EUR/USD :The pair Euro against U.S.
dollar fluctuated around the support level at 1.31900 since yesterday
determined indicators show positive signs, which lead us to expect a
bullish trend today for the pair to the level of 1.33500 then to the
level of 1.3395; these expectations require stability of trading above
the level of 1.31520.
GBP/USD :Mixed trading for the pair
sterling against the U.S. dollar, and mixed determined indicators,
therefore we advise to monitor trading today and watch any breach to
the support level at 1.52250 or any breach to resistance level at
1.52650 to determine the direction today.
USD/JPY :The pair U.S. dollar
against the Japanese Yen breakthrough the resistance level 94.850.
Determined indicators show negative signs which may cause some
volatility and downward correction before continuing a trip aimed at
boarding 95.450.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro dollar pair is consolidating in a narrow range in the Asian
session between the 1.32200 levels and 1.31718 levels recording a high
of 1.32135 and a low of 1.31718.
Regarding the pound dollar pair, it rose slightly in the Asian session
recording a high of 1.52647 and a low of 1.52124, having the royal
currency trading around 1.52205.
Finally, the dollar continued to gain against the Japanese yen
recording a high of 94.982 and a low of 94.525, while the pair is
currently trading around 94.873.
Market Expectations
EUR/USD :The pair Euro against U.S.
dollar fluctuated around the support level at 1.31900 since yesterday
determined indicators show positive signs, which lead us to expect a
bullish trend today for the pair to the level of 1.33500 then to the
level of 1.3395; these expectations require stability of trading above
the level of 1.31520.
GBP/USD :Mixed trading for the pair
sterling against the U.S. dollar, and mixed determined indicators,
therefore we advise to monitor trading today and watch any breach to
the support level at 1.52250 or any breach to resistance level at
1.52650 to determine the direction today.
USD/JPY :The pair U.S. dollar
against the Japanese Yen breakthrough the resistance level 94.850.
Determined indicators show negative signs which may cause some
volatility and downward correction before continuing a trip aimed at
boarding 95.450.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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